Monday, March 23, 2015

Real Estate Staying Hot

Pre-MLS: 306 Capetown Ct in Novato $339,000 - 3 bedroom 1.5 bath 2 story condo end unit with inside laundry and a 2 car carport. New paint and flooring. Pics will be available by April 6th. Email me for a private showing. Potential rent of between $2,000 and $2,300/mo.

FOR SALE:
19820 Graystone Ln in San Jose $1,100,000 – Build your own custom dream home at the top of Graystone Ln with spectacular views of Almaden Valley. A serene and private 1+ acres lot nestled on top of the hill awaits your design. Top rated/Blue ribbon Almaden Schools, Graystone, Bret Harte and Leland. Recent conceptual plans for development are available. Ample room for a pool and all other fun backyard amenities. CALL ME to arrange a private viewing.
  

In Escrow:
1355 Scossa Ave in San Jose $810,000 – Beat out 2 other offers and got the offer accepted below the highest offer!

Sold: 5121 Le Miccine Terrace in West San Jose $1,250,000 – Beat out 8 other offers and was the first offer my client wrote!

MUST READ: Bay Area home-buying bidding wars loom on low inventory
The Bay Area's housing market looks like it's headed for a competitive free-for-all this year as a low supply of homes for sale has droves of buyers bidding up prices everywhere. Sales of single-family homes in the East Bay, Peninsula and South Bay were the lowest for a February in…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:

Advised a seller on repairs that would bring a high rate of return on investment.
Helped a buyer win a property without being the highest price.
Saved a purchase where a lender wanted to cancel a sale due to inaccurate information.

THINGS I CAN HELP WITH:
Looking for a home in a specific school district? My
website can do that for you.
Looking for a home with an “open floorplan” or “big backyard”? My
website can do that too.
Email me for these CUSTOM services.

Selling before buying can be really tricky in a market like this, but you do have options. Let me help by first
filling out this form so I can get started on pricing your current home, and then we can discuss options to prevent a double move, or worse, not being able to buy the replacement!

FORECAST: This market isn't showing any signs of slowing down yet. Multiple offers is all that anyone is talking about. Buying is really tough in this market, so preparing early helps. Sellers need to make sure that you are getting maximum exposure otherwise you could be leaving thousands on the table, especially in a hot market. If you are thinking about making a move call me so we can discuss your specific situation.

RECAP: Santa Clara County
Demand for housing in Santa Clara County is very very strong. Buying opportunities will remain limited until more people bring their home to the market.

RECAP: San Mateo County
San Mateo County sales are very strong as well. I think the trend for the coming months will be consistent with the previous 6 months. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.

SNAPSHOT:
sing Inventory Snapshot
February 28, 2015

Average List Price
30 Days Trend
Median List Price
30 Days Trend
Average DOM: active/sold
30 Days Trend
Number of Listings
Alameda County, CA
Single Family under $1M
$583,175
1.80%
$598,600
2.32%
43
-11
572
Single Family over $1M
$1,920,338
-4.27%
$1,500,000
-3.45%
60
-28
179
Condo/Townhome under $600K
$395,359
4.53%
$380,000
1.33%
41
-8
153
Condo/Townhome over $600K
$729,652
1.32%
$718,600
3.40%
22
-27
40
San Mateo County, CA
Single Family under $1M
$765,712
2.10%
$750,000
0.13%
32 / 20
-21 / 3
106
Single Family over $1M
$3,810,570
1.74%
$2,035,000
6.54%
78 / 15
-34 / -40
239
Condo/Townhome under $600K
$427,747
2.32%
$459,000
9.55%
15 / 9
-25 / -12
29
Condo/Townhome over $600K
$929,270
-11.42%
$765,000
2.00%
70 / 19
-6 / 4
21
Santa Clara County, CA
Single Family under $1M
$711,724
2.94%
$725,000
5.07%
34 / 19
-13 / -12
443
Single Family over $1M
$2,778,203
-4.80%
$1,900,000
-2.56%
66 / 20
-22 / -8
387
Condo/Townhome under $600K
$415,842
1.51%
$405,000
1.50%
30 / 21
-13 / -24
87
Condo/Townhome over $600K
$995,196
25.52%
$799,000
8.12%
14 / 10
-6 / -33
28
San Francisco County, CA
Single Family over $575K
$2,314,040
6.17%
$1,249,000
19.07%
46
-10
144
Condo/Townhome over $340K
$1,594,916
5.48%
$1,095,000
-4.70%
45
-2
196

The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

Applying Cutting Edge Systems and Strategies to Find the RIGHT Buyer or Seller in ANY Market.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
Direct: (415) 236-3826
nathan@nathanproperties.com
www.nathanproperties.com